Acceleware Ltd V.AXE

Alternate Symbol(s): ACWRF

Technology Software - Application

Acceleware Ltd. is a Canada-based company that develops clean-tech decarbonization technologies. The Company has two business units: Radio Frequency Heating Technology and Seismic Imaging Software. Its segments include High-Performance Computing (HPC) and RF Heating. Its HPC segment sells proprietary high-performance computing software and related consulting services and training programs primarily to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to the Company’s proprietary enhanced heavy oil and oil sands production technology. It is focused on developing RF XL, a patented low-carbon production technology for heavy oil and oil sands. Its RF XL technology eliminates greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. Its seismic imaging software solutions are for high fidelity imaging, providing the advanced imaging available for oil exploration in complex geologies.

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Acceleware Ltd > Onward

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Comment by Saskisnowon Nov 14, 2022 11:21am

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Post# 35096685

RE:RE:RE:Onward

To clarify, the equipment didn't "break down", they stated that it was "damaged" during maintenance activities. I would think that would have been a harder thing to justify the costs of a contingency for human error. You have to balance risk and cost. Would you have been happy if they delayed for a year until they could get a back-up of every component?

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